Viewing Listing MLS# 100432848
Wilmington, NC 28401
- N/ABeds
- N/AFull Baths
- N/AHalf Baths
- 6,290SqFt
- 1903Year Built
- 0.25Acres
- MLS# 100432848
- Commercial
- G
- Active
- Approx Time on Market1 month, 18 days
- AreaNew Hanover (28401)
- CountyNew Hanover
- SubdivisionHistoric District
Overview
Incredible investment and business opportunity right in the heart Wilmington's Historic District. Voted USA Today's 2023 Best Reader Choice Bed and Breakfast, the C.W. Worth House provides outstanding guest services in the Wilmington area. The level of mindfulness, tasteful renovations and charming historic appeal set this B&B opportunity apart from others. This beautiful historic landmark has seven guest rooms in addition to the main owner's suite. Each room has its own private entry, bathroom, and style. The inviting living areas are thoughtfully decorated and enhance the guest experience. Its prime location near downtown, the River Walk, and various dining options, placement within a historic district and room capacity provide a fantastic opportunity for its next owner. This property-business is turnkey read and has advanced booking that enabled the next owner to benefit from all the previous owner's efforts. CW Worth House has received national notoriety for their service and location. CW Worth house was awarded 2022 - Present: Select Registry Property, 2022 & 2023 TripAdvisor Travelers' Choice, 2023 Best Hotel/ Bed & Breakfast in the Cape Fear Region and 2023 USA Today #1 10Best Readers' Choice Best Bed & Breakfast. Considering the Award-Winning Business, Unique Charm, and a solid business plan enables the CW Worth House to continue to excel.
Baths Info
Building Info
Year Built: 1903
New Construction: No
Miscellaneous Ceiling Height: 10.00
Miscellaneous Current Use: Bed and Breakfast
Basement: Finished - No
Construction: Wood Frame
Foundation: Basement, Crawl Space
Roof: Metal, Shingle
Exterior Features
Exterior Finish: Wood Siding
Fuel Tank: None
Financial
Asking Price Text: $2,435,000
Tax Assessed Value: 64030
Total Property Taxes: 5410.54
Tax Year: 2023
Stipulation Of Sale: None
County Taxes: 5410.00
List Pricesqft: 387
Financial Info Financial Info: Yes
Financial Info Gross Income: 33750
Financial Info Total Annual Expenses: 11419
Financial Info Net Operating Income: 22332
Financial Info Cap Rate: 9.20
Financial Info Real Estate Taxes: 5410.
Financial Info Insurance Expense: 9411.
Terms: 1031 Exchange,Cash,Conventional
HOA Info
Hoa: No
Hoa Amenities: No Amenities
Interior Features
Flooring: Tile, Wood
Lot Info
Lot Sqft: 10,890
Lot Dimensions: 66 x 165
Acres: 0.25
Location: Historic District
Lot Description: See Remarks
Lot Water Features: None
Road Type: 2 - 3 Lanes, Public (City/Cty/St)
Misc Features
Special Assessments: none
Misc Info
Federal Flood Ins Avlbl: Yes
Roadtrans Access Rail: 6 - 10 Miles
Roadtrans Access Interstate: Less than 5 Miles
Roadtrans Access Port: 6 - 10 Miles
Roadtrans Access County Highway: Less than 5 Miles
Roadtrans Access Airport: Less than 5 Miles
Roadtrans Access State Highway: Less than 5 Miles
Parking Info
Parking: 1
Parking Driveway: See Remarks
Property Features
Property Info
County: New Hanover
Cobra Zone: No
Zoning: HD-R
Subdivision Original: Historic District
City Limits: Yes
Sign On Property: No
Class Type: G
Restrictions
Sale / Lease Info
Sale Lease: Sale
Possession: At Closing
Sale Lease Includes: Buildings,Business,Fixtures,Furniture,Inventory,Licenses/Permits,See Remarks
Schools
SqFt Info
Sqft: 6,290
Sqft Total Available: 6,290
Unit Info
Num Units: 1
Utilities /HVAC
Service Providers Water Provider: Cape Fear Public Utility Authority
Service Providers Sewer Provider: Cape Fear Public Utility Authority
Cooling System: Central
Heating System: Forced Air, Heat Pump
Water Heater: Electric
Water Sewer: Municipal Sewer, Municipal Water, Natural Gas Available
Courtesy of Intracoastal Realty Corp